The CFTC has confirmed that bitcoin and other digital currencies are commodities covered by the Commodity Exchange Act (CEA).Historical and current end-of-day data provided by SIX Financial Information.
As long as I can use it to buy things then that is all I need.
It's Official: Bitcoin, Digital Currency Now Classified asThinking of Bitcoin as a commodity makes it more understandable.The regulators in the U.S. call Bitcoin a commodity but in many ways it is both a commodity and a currency instrument.
Bitcoin: Currency or commodity? | Futures Magazine
Bitcoin as a Commodity – RHS High Times
The fact that some countries recognize Bitcoin as either a commodity or currency subjects it to taxes.
How is Bitcoin Money? - Dec 01, 2015 - SAGE Pub
Bitcoin: Between Digital Currency and Financial Commodity
Bitcoin: Tra Moneta Virtuale E Commodity Finanziaria
Bitcoin is a worldwide cryptocurrency and digital payment system:3 called the first decentralized digital currency, since the system works without a central.
CFTC: Bitcoin Is a Commodity - CryptoCoinsNewsIn September 2015, the Commodity Futures Trading Commission (CFTC) issued an order filing and settling charges against a cryptocurrency company for conducting.
Bitcoin Price Soars, Fueled by Speculation and GlobalEquifax hired a music major as chief security officer and she has just retired.Bitcoin is now officially a commodity, and some find that odd.BitCoin is a decentralized digital currency that can be exchanged for goods and services in lieu of traditional payment options like credit cards, bank-to-bank.Intraday data delayed at least 15 minutes or per exchange requirements.
There is debate as to whether or not Bitcoin should be considered a currency, a commodity, or a hybrid of both.By definition, currency is usually backed, defined and produced by government or some authority.Bitcoin Is An Asset, Not A Currency. Is Bitcoin the currency.Amanda Cole discusses the relevance of Bitcoin today as both a digital currency and commodity, and how it will ultimately affect the millennials generation.A recent Bloomberg article argued that bitcoin is neither a real currency nor a commodity.The constitution of Bitcoin is analysed by comparing the currency to each of these ideal types.
The Tricky Business Of Taxing Bitcoin. and (2) if bitcoin is a foreign currency,. if bitcoin becomes regulated as a commodity,.
Is Bitcoin the future of currency, or just a commodity bubble?
Referring to bitcoin as a currency is a risky move at the moment.Late last week, the U.S. Commodity Futures Trading Commission (CFTC) defined bitcoin and other digital currencies as commodities.Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money.General tax principles that apply to property transactions apply to transactions using virtual currency.
The Legal Status of Bitcoin in the United Arab EmiratesBitcoin: Tra Moneta Virtuale E Commodity Finanziaria (Bitcoin: Between Digital Currency and Financial Commodity).In my recent post, I discussed the shortcomings of Article 9 of the Uniform Commercial Code as applied to Bitcoin.
Now that we have an understanding of the above concepts, we can discuss how bitcoin is a commodity money,. bitcoin as a currency,. commodity monies are.WASHINGTON — The Internal Revenue Service today issued a notice providing answers to frequently asked questions (FAQs) on virtual currency, such as bitcoin.